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Alliance CapitalismThe Social Organization of Japanese Business$
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Michael Gerlach

Print publication date: 1997

Print ISBN-13: 9780520208896

Published to California Scholarship Online: May 2012

DOI: 10.1525/california/9780520208896.001.0001

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PRINTED FROM CALIFORNIA SCHOLARSHIP ONLINE (www.california.universitypressscholarship.com). (c) Copyright University of California Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CALSO for personal use.date: 18 May 2022

Alliance Capitalism and the Japanese Economy

Alliance Capitalism and the Japanese Economy

(p.246) Chapter VIII Alliance Capitalism and the Japanese Economy
Alliance Capitalism

Michael L. Gerlach

University of California Press

This concluding chapter summarizes the arguments developed in this book concerning alliance capitalism and the Japanese economy. It discusses the belief that intercorporate alliances have set the framework within which other institutional characteristics of Japanese market capitalism operate and describes the three broad characteristics of the Japanese economy. These include a high-degree of resilience, impressive rates of long-term corporate investment, and a market structure with substantial barriers to entry to newcomers. The chapter also considers the implications of Japan's economic system for its relationships with its major trading partners.

Keywords:   alliance capitalism, Japanese economy, intercorporate alliances, market capitalism, market structure, economic system, trading partners

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